Self-driving sector would certainly pan out to be a viable investment avenue for automotive night vision systems market.
— The automotive night vision system market consists of a few players due to the requirement of technologies and costs of systems. FLIR provides several night vision camera products for night vision systems. Autoliv is one of the major suppliers of night vision systems to automotive manufacturers, such as BMW, while Denso Corporation develops these systems for Toyota cars and other companies. The companies are highly focused on increasing the market share with new developments. The major players are expected to have significant dominance in the automotive night vision system market particularly regarding the pricing strategies and market share.
The luxury cars contribute to a major part in the automotive night vision system market as these cars are embedded with the most advanced safety features and customers pay high prices for them. Mercedes-Benz, BMW, and Toyota Lexus are some of the major automakers adopting these systems. Higher cost is a major barrier for the adoption of these systems in the economy and mid-range vehicles. However, developments in sensor technologies and sophisticated product developments by companies will influence the use of these systems in a greater number of cars. The growing awareness about road safety is also expected to influence the automotive night vision system market and increase the adoption of these systems.
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Automotive night vision system market is poised to garner substantial returns over the forthcoming years owing to the introduction of groundbreaking technologies in new vehicle models and electric cars. Growing number of fatal and disabling road accidents resulting from compromised night vision and drowsy driving has compelled the automakers to incorporate active safety technologies that support vehicle maneuvers. Night vision systems in automobiles would extend the perception of the driver beyond the limited reach of headlights through the use of heads up displays, infrared lights and thermographic cameras.
In many emerging economies like India and China as well as across many developed countries, the number of automobile users is dramatically expanding. Underdeveloped driving skills and drivers' low level of awareness of surroundings leads to accidents and increased traffic congestion. According to the European Commission for the Automobile Industry, around 42% of fatal car accidents in the region happen at night, indicating the potential demand for automotive night vision system market.
Some of the restraining factors in the adoption of night vision systems are high costs of these systems and technological drawbacks. Night vision systems can cost around USD 1,000 to 2,000 depending on the overall offering and technology used. These costs will restrict the adoption of these systems particularly in economy class vehicles affecting the growth of the automotive night vision system market.
Browse key industry insights spread across 205 pages with 279 market data tables & 17 figures & charts from the report, “Automotive Night Vision System Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-night-vision-system-market
North American and European automakers are rapidly improving the connectivity of automobiles via Internet of Things (IoT), novel chips, diverse mobility solutions and autonomous vehicles. These technological changes are propelling the way automobile companies are investing in their future. At the same time, increasing number collaborations with technology startups, by way of acquisition or partnership, has also had a positive influence on the product demand. Gradual rise in luxury SUV sales in the regions has also supported the industry growth. For example, in 2018 Mercedes-Benz recorded 43.3% growth in sales of its GLC model in the U.S. market.
Toyota Lexus, Mercedes-Benz, BMW, Robert Bosch GmbH, among others are some of the prominent players leading automotive night vision system market. The rising inclination towards high-tech safety features in cars and massive adoption of cutting edge, cross-industry technologies in design and manufacturing, from augmented reality to deployment of 5G networks, will boost the industry scope.
Glimpse of Table of Content (ToC)
Chapter 1. Methodology and Scope
1.1.1. Definition and forecast parameters
18.104.22.168. Assumptions, methodology and forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Automotive night vision system market 360o synopsis, 2015 - 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Display trends
2.1.4. Component trends
2.1.5. Regional trends
Chapter 3. Automotive Night Vision Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 - 2025
3.2.1. Automotive industry overview
22.214.171.124. North America
126.96.36.199. Asia Pacific
188.8.131.52. Latin America
3.2.2. Luxury vehicle sales statistics
184.108.40.206. North America
220.127.116.11. Asia Pacific
18.104.22.168. Latin America
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. North America
3.5.3. Asia Pacific
3.5.4. Latin America
3.6. Industry impact forces
3.6.1. Growth drivers
22.214.171.124. Growing demand for luxury vehicles in Asia Pacific
126.96.36.199. Increased awareness about road safety in developed nations
188.8.131.52. Technological advancements in automotive sector
184.108.40.206. Emergence of autonomous driving technology
220.127.116.11. Developments in thermal imaging
18.104.22.168. Decreasing prices of sensors
3.6.2. Industry pitfalls and challenges
22.214.171.124. High costs of night vision systems
126.96.36.199. Technological challenges
3.7. Growth potential analysis
3.8. Porter’s analysis
3.8.1. Industry rivalry
3.8.2. Threat of new entrants
3.8.3. Buyer power
3.8.4. Supplier power
3.8.5. Threat of substitutes
3.9. Competitive landscape, 2018
3.9.1. Company market share
3.9.2. Investment landscape
3.9.3. Strategy dashboard
3.10. PESTEL analysis
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